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  • Energy mutual OIL is set to emerge as a winner following the Horizon loss as capacity tightens across the market, The Insurance Insider understands.
  • Australia's slew of catastrophes have been categorised as eight distinct events for insurance purposes by the Insurance Council of Australia (ICA).
  • French insurance giant Axa SA saw net profit almost quadruple from EUR923mn in 2008 to EUR3.61bn in 2009 - beating analysts' forecasts of EUR2.97bn - as it shook off the worst effects of the financial crisis.
  • UK general insurer Royal & Sun Alliance (RSA) bounced back to a profit of £638mn for 2007 despite taking a hit from last summer's UK floods.
  • Douetil raises spectre of $50bn insured losses: Wellington and Royal & SunAlliance (R&SA) have become the latest UK insurers to comment on incurred losses as a result of Hurricane Katrina.
  • Although many (re)insurers' pre-results headlines revolved around Thai exposures and loss creep from earlier 2011 catastrophes, investors are likely to focus more on commentary in earnings releases and calls on the market's rates prospects.
  • American International Group (AIG) is beginning to show signs of recovery, but the US taxpayers' return from its rescue of the firm will depend on its long-term health and market conditions, according to a report from the US Government Accountability Office (GAO).
  • The global insurance industry returned to growth in 2010, lifting premium income 2.7 percent following strong performance from emerging markets, a Swiss Re study has revealed
  • London-headquartered Lloyd's insurer Chaucer conceded last week that it is eyeing a possible redomicilation away from the UK to level the playing field with its tax-competitive peer group.
  • PartnerRe is backing an innovative Peruvian insurance scheme that uses sea surface temperature (SST) as a proxy for catastrophic losses.